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Ed.. imagine you are Fernando.. coming after a torturous year with Mclaren then wasting another 2 years at renault (until Ferrari make space for him).. will it make sense for you to go with a "water tight contract"?
Coming to ethics, I feel its mostly perception.. all of the news articles are conveniently altered/tailored by media to run their agenda and most of "us" (fan boy of one or another driver) write comments on it, not seeing/knowing the actual conversation/event.